The 97-unit apartment building at 40 Davenport St. at Martin Luther King Boulevard, formerly named Milner Arms, opened as an apartment hotel in 1913.

Rental rates after the latest renovation start at $722 per month, according to a news release. The building includes units ranging from 224-square-foot studios to 810-square-foot two-bedroom layouts.

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Broder & Sachse Real Estate

The Hamilton Midtown's $12 million renovation included upgrades to apartment units, as well as the lobby and ballroom in the 107-year-old building.

It features "new amenities to allow residents to immerse themselves in the renaissance of Detroit," the release said. In addition to new appliances in apartment units, upgrades include a main-floor lounge with gaming and entertainment, dog-washing station, bike repair shop and fitness center.

The property, listed on the National Register of Historic Places, also underwent a restoration of its ballroom, as well as plumbing and electrical systems.

Detroit-based Broder & Sachse Real Estate Services Inc. purchased the building last year from Milner Hotels Inc. for $3.3 million. Detroit-based Sachse Construction was general contractor and Detroit-based Hamilton Anderson Associates served as architect.

The new building owners worked with the city of Detroit and United Community Housing Coalition to help pay for current residents to temporarily move during renovations. "More than 75 percent of qualified residents return to the building at an affordable rental rate," the release said.

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Broder & Sachse Real Estate

After a $12 million renovation, rental rates of the market-rate units at The Hamilton Midtown in Detroit start at $722.

"This is exactly how responsible developers should treat long-time Detroit residents," Mayor Mike Duggan said in a written statement. "There's enough room for everyone in Detroit, no matter their income or background."

The average affordable rental rate was about $600 per month prior to the renovation. For qualified residents, rent increased 5 percent and rates will not increase by more than 1 percent per year, according to spokeswoman Lindsay Wyskowski.